Visakhapatnam, India - January 21, 2026 – Indian real estate developer RMZ Group has signed a memorandum of understanding with the Government of Andhra Pradesh to invest up to USD 10 billion in large-scale digital and industrial infrastructure projects, including a Global Capability Centre (GCC) Park and a hyperscale data center cluster in the state.
The agreement, announced on the sidelines of the World Economic Forum Annual Meeting 2026 in Davos, outlines RMZ’s plan to develop a GCC Park at the Kapuluppada Phase-1 IT Park near Visakhapatnam, spanning roughly 10 million square feet across about 50 acres. The development is aimed at attracting multinational corporations to establish captive technology, engineering, and business operations in the state.
As part of the same investment program, RMZ also plans to build a phased hyperscale data center cluster in the Visakhapatnam region with a targeted capacity of up to 1 gigawatt. The data center development is expected to be spread across several hundred acres and designed to support cloud, artificial intelligence, and enterprise workloads, according to officials familiar with the project.
The MoU further includes plans for an industrial and logistics park of approximately 1,000 acres in the Rayalaseema region, broadening the scope of RMZ’s investment beyond digital infrastructure into manufacturing and supply chain assets.
Andhra Pradesh Minister for Information Technology and Electronics Nara Lokesh said the partnership aligns with the state’s strategy to position itself as a destination for global enterprises and data center operators. He noted that the proposed developments are expected to generate significant employment across technology, construction, and industrial sectors while strengthening the state’s digital ecosystem.
RMZ Group said Andhra Pradesh’s policy environment, availability of land, and focus on ease of doing business were key factors behind the decision to commit capital at scale. The company added that sustainability and access to reliable power infrastructure will be central to the design of the proposed data center facilities.
Industry analysts view the announcement as one of the largest single private-sector commitments to digital infrastructure in southern India, reflecting growing investor confidence in India’s data center market as demand for cloud and AI computing continues to rise.
